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BANK OF AMERICA / BARCLAYS BANK / DSI INTERNATIONAL
M.5729
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 1.2
Description of the concentration
The DSI Group develops, manufactures and supplies a variety of individual components and integrated systems based on tensioning technology (in particular, post-tensioning and geotechnical tensioning components/systems) for the construction and mining industries.
Bank of America and/or one of its affiliates and Barclays and/or one of its affiliates (the “Notifying Parties”) are in the process of agreeing a consensual restructuring of the DSI Group.
The Notifying Parties will indirectly control DSI International S.à.r.l., the parent company of the DSI Group, through a newly incorporated company ("Newco") which will become the top holding company of the DSI Group. The other shareholders in Newco will be funds advised and managed by CVC Capital Partners SICAV-FIS S.A. and its affiliates, and members of the DSI Group’s management.
The proposed transaction is subject to the fulfilment of certain conditions precedent, one of which is the obtaining by the parties the prior clearance of the transaction from the European Commission.